Seacoast Banking Corporation of Florida today announced it has hired Richard Raiford as executive vice president and chief credit officer. David Houdeshell, currently executive vice president and chief credit officer, will assume a newly created role leading the Company’s growing credit analytics and policy division.
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“As Seacoast continues its growth as Florida’s preeminent community bank, we will continue to expand our leadership team. We believe that Richard’s previous credit experience at several large and well-respected institutions adds depth to our credit team, and should position the Company for growth while maintaining our commitment to rigorous underwriting and credit monitoring,” said Chuck Shaffer, president and chief operating officer.
Shaffer added, “David has done an outstanding job as Seacoast’s steward of credit, leading our balanced growth strategy and helping develop our conservative and strict underwriting culture. In this newly created role, David will continue to refine Seacoast’s differentiated credit analytics capabilities.”
Raiford most recently served as chief credit officer for East West Bank in California, where he was responsible for managing the risk exposure of a diverse mix of commercial and industrial, commercial real estate, and consumer credits. Raiford previously spent 28 years with JP Morgan Chase in a number of risk management, middle-market banking, and investment banking leadership roles. Raiford has a Bachelor of Arts degree in Asian studies from Amherst College and a Master of Arts degree in international relations from Johns Hopkins University.
David Houdeshell will now serve as executive vice president and director of credit analytics and policy. This newly created position recognizes David’s pivotal role in recent years developing and implementing Seacoast’s robust credit policy and analytics capabilities. We believe that David will bring the vigilant focus to this increasingly important function to support Seacoast’s prudent growth. Houdeshell, who has been with Seacoast since 2010, will also be responsible for leading the special assets department.
